Auto insurance in Dallas has gone through many changes this year.
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Auto insurance in Dallas has gone through many changes this year. For starters, in January, the Texas Department of Insurance made auto insurance companies in Dallas stop selling named driver auto insurance policies. This is a very popular policy among auto insurance brokers in Dallas. Many insurance companies in Dallas would sell this policy because it offered a low down payment option for the customer, and not much covered risk for them to pay out on. This type of auto insurance in Dallas only covers the drivers listed on the policy and nobody else on the policy. Then in March when COVID hit, many auto insurance companies in Dallas started offering premium rebates to customers to help out during hard times.
Many auto insurance companies were profiting more than ever because people were on the road less, so there were less claims being paid out. The insurance department was allowing very few insurance companies to raise prices, and many were even taking rate decreases. In September, Hurricane Laura hit and caused some severe damage in Southeast Texas. Even though it did not hit Dallas directly, many auto insurance companies in Dallas have lots of customers in Southeast Texas. If they have to pay out lots of claims there from the hurricane, well, we'll have to wait and see if that has a ripple effect upon the Dallas auto insurance prices in the future. Cheapest Auto Insurance can provide you with cheap auto insurance in Dallas. Call or text us at 214-760-4883 today for a free auto insurance quote.
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